XPO (NYSE:XPO) Shares Gap Up Following Analyst Upgrade

XPO, Inc. (NYSE:XPO)’s share price gapped up before the market opened on Wednesday after Susquehanna raised their price target on the stock from $138.00 to $145.00. The stock had previously closed at $119.79, but opened at $123.96. Susquehanna currently has a positive rating on the stock. XPO shares last traded at $121.34, with a volume of 73,387 shares changing hands.

XPO has been the topic of a number of other reports. Barclays boosted their target price on shares of XPO from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, June 9th. JPMorgan Chase & Co. lowered their price objective on XPO from $132.00 to $121.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Oppenheimer lowered their price objective on XPO from $142.00 to $126.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Evercore ISI upped their price objective on shares of XPO from $115.00 to $116.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Finally, Raymond James Financial reduced their price objective on shares of XPO from $165.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $135.26.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC lifted its position in shares of XPO by 3.0% during the 1st quarter. Voya Investment Management LLC now owns 61,037 shares of the transportation company’s stock valued at $6,566,000 after acquiring an additional 1,797 shares during the period. Anderson Financial Strategies LLC lifted its position in shares of XPO by 35.1% during the 1st quarter. Anderson Financial Strategies LLC now owns 12,703 shares of the transportation company’s stock valued at $1,367,000 after acquiring an additional 3,301 shares during the period. Strs Ohio acquired a new position in shares of XPO during the 1st quarter valued at $3,776,000. Geneos Wealth Management Inc. lifted its position in shares of XPO by 194.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,020 shares of the transportation company’s stock valued at $325,000 after acquiring an additional 1,993 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of XPO by 0.5% during the 1st quarter. Intech Investment Management LLC now owns 67,766 shares of the transportation company’s stock valued at $7,290,000 after acquiring an additional 324 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Up 0.9%

The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The stock’s 50-day moving average is $112.01 and its 200-day moving average is $123.39. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 2.25 and a beta of 1.92.

XPO (NYSE:XPO) last released its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. XPO had a net margin of 4.87% and a return on equity of 28.27%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company earned $0.81 EPS. XPO’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its board has authorized a stock buyback program on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.